Dallas, TX – July 23, 2018 Alternet Systems, Inc. (USOTC: ALYI) today released an online presentation on the company’s ongoing ReVolt Electric Motorcycle pilot program. In April of this year, Alternet announced the launch of the ReVolt Electric Motorbikes subsidiary as part of the company’s strategic plan to develop, commercialize and expand its portfolio of advanced energy storage technology.
Alternet is building technology and application partnerships to develop and implement sustainable energy storage solutions for high impact operating environments. The two leading application focuses for Alternet today are defense and transportation. As an example of Alternet’s development and commercialization strategy, Alternet recently launched an Electric Vehicle (EV) business called ReVolt Electric Motorbikes utilizing a combination of proprietary lithium battery technologies. A strategy similar to ReVolt is in the works for the defense sector. The presentation here is a progress report on pilot program to develop the ReVolt’s first commercial electric motorcycle.
Alternet is applying its portfolio of lithium battery technologies to empower commercially viable, environmentally sustainable alternatives to existing consumer markets. ReVolt has partnered with a manufacturing company to first produce a motorcycle based on the 1930's BMW R71 motorcycle with sidecar utilized by the German Army in WWII. The ReVolt Classic Electric Motorbike with Sidecar will be powered by an electric motor utilizing an Alternet Systems designed lithium battery solution.
This classic motorcycle design has been seen in countless movies to include The Great Escape staring Steve McQueen, an avid motorcycle enthusiast and racer. The movie includes a famous motorcycle chase where Steve McQueen rides a German Military motorcycle pursued by German soldiers riding the same.
Long-Term Plan To Deliver Electric Motorbikes To Developing Economic Markets
The long-term object of ReVolt Electric Motorbikes is to become a leader in the production of electric motorbikes as daily drivers in the developing economic regions of the world were motorcycles, scooters and mopeds are the primary mode of transportation. The current global market for motorcycles, scooters and mopeds is approximately 130 million units per year resulting in $120 billion in annual sales. As per capita income in developing economic regions continues to improve, motorcycle, scooter and moped sales are correspondingly expected to grow. Global automobile sales in 2018 is expected to reach just 80 million units.
ReVolt Electric Motorbikes strategic plan is to
1.) establish a manufacturing capacity and to
2.) refine the Alternet Lithium Battery Technology through the production and sales of a fun, useful and affordable electric motorbikes based on classic motorcycle designs for the U.S. consumer market.
With a manufacturing capacity established and a lithium battery technology on the market, ReVolt Electric Motorbikes plans to begin delivering a line of daily driver electric motorbikes to developing economic regions.
ReVolt researched and engaged with multiple motorcycle manufactures experienced with classic motorcycle designs. A company with experience producing a contemporary motorcycle based on the original R71 for the military of developing economic country was contracted to produce two gasoline motor powered motorcycles. The two motorcycles were complete and shipped to the U.S. in May arriving about thirty days later in June.
The bikes basic mechanics have been evaluated and found sound. ReVolt is evaluating a variety of electric motors and working with different lithium battery technologies to design the optimum integrated electric powered solution. An electric powered retrofit design for the gas-powered motorcycles is underway. Once complete, the pilot electric powered motorcycle will undergo further testing and evaluation. The final specifications of the retrofit design will be conveyed to the manufacture and a first production sample will be ordered for further evaluation.
Management is satisfied that the pilot program remains on track for having limited production capacity in place to deliver the first retro-designed ReVolt electric motorcycles ready for this holiday season.
Learn more on the company's websites: www.lithiumip.com and www.revoltmotorbikes.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
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